A seller-sovereign economy includes sellers who are monopolistic or oligopolistic without being confronted by the ultimate consumers who are organized in monopsonistic or ologopsonistic modes. It is an economy where enormous skill, artifice, and resources are used in getting consumers to buy what the sellers want to sell, notwithstanding the availability of more efficient, safe, economical, durable, and effective alternatives, including that of buying nothing at all.
About this quote
- What does it mean?
- Sellers force buyers to purchase even better alternatives exist.
- In plain terms
- Sellers force buyers to purchase even when better options exist.
- What can you take from it?
- Markets manipulate buyers away from better choices.
Where it applies
Putting it to work
Questions to consider
- How do you know if a product is truly best?
Another view
Marketing helps consumers find products that suit them.
More from Ralph Nader
This administration is not sympathetic to corporations, it is indentured to corporations.
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